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There’s one form prospective and current college students must submit in order to receive federal financial aid, and it looks a lot different than in prior years.
The already stressful college admissions process was thrown into chaos this year by a botched bureaucratic upgrade. Hiccups and delays in the federal financial aid process have kept some high ...
Fewer low-income students applied for college financial aid for the current school year after the rollout of an updated version of the Free Application for Federal Student Aid, known as the FAFSA ...
For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
Students can file an appeal with their college financial aid office in order to seek additional financial aid if their current financial situation is no longer the same as the financial information they provided on FAFSA (i.e. their parent recently lost their job). The exact appeal process can vary from school to school.
Federal Student Aid provides financial assistance to students enrolled in eligible programs at participating postsecondary schools (accredited four-year or two-year public or private educational institutions, career schools or trade schools) to cover the cost of education expenses, including tuition and fees, room and board, books and supplies ...
The Free Application for Federal Student Aid (FAFSA) application will be delayed this year, which may worry some college applicants. (Credit: Getty Images) (designer491 via Getty Images)
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.